Taxes

Twitter, news headlines and the President just said taxes are going to be extended to July 15th 2020. Guidance has been issued confirming that taxes and tax returns due 4/15/2020 are extended to July 15th, 2020. Will you still prepare our tax return by April 15th? It depends on when you sent in your information/organizer: we are still working - just not so frantically; we are working through the queue in the order we received completed organizers. As you can imagine right now the stress levels are really high. We are still working and will keep working, but we will…

Update to yesterdays information Guidance has been issued today on an extension for the date you need to PAY your taxes until July 15th. This is for tax payments for 2019 along with Q1 2020 estimated tax payments due 4/15/2020. A link to the guidance is here. This is not an automatic extension for your tax filing, only the payment of taxes. What does this change? You have more time to pay your taxes. We still need to file your taxes by 4/15/2020 or file an extension. We are working on extensions this week for folks who got us your…

So much has changed in 3 weeks: Social distancing, talk of extending the tax deadline and more cases of Coronavirus. What does that mean for you and your taxes? Right now while there has been talk of automatic tax extension, no guidance has been issued. Until guidance has been issued from the IRS we are operating under the normal due dates. If they issue guidance for an automatic extension that will change and we will let you know. The Daily Briefing Press Conference today on 3/17/2020 mentioned that you should still file your extension and more than likely you can…